Eric Levenstein

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Director, Head of Insolvency, Business Rescue & Restructuring practice

Location: Johannesburg

Tel: +27 11 535 8237

Fax: +27 11 535 8737



Eric Levenstein has been a director of Werksmans Attorneys since 1993 and is the head of the firm’s Insolvency, Business Rescue & Restructuring practice. He specialises in litigation and dispute resolution with a particular focus on business rescue, insolvency and restructuring, banking and finance and corporate recovery of debt. His expertise extends to director liability issues. He regularly delivers seminars and writes for various publications on these topics among others. He is the Chairperson of the South African Restructuring & Insolvency Practitioners Association (SARIPA) and sits on the board of INSOL International, a worldwide group of insolvency practitioners. Eric has BCom and LLB degrees, Higher Diplomas in Company Law and Tax, a Diploma in Insolvency Law and a Doctorate of Laws in Business Rescue.

  • Dispute Resolution
  • Insolvency, Business Rescue, & Restructuring
  • Intellectual Property
  • Insolvency, Business Rescue & Restructuring
  • Dispute Resolution
  • Intellectual Property
  • ​​​​​Represented a large group of foreign creditors (noteholders) in the business rescue proceedings of Southgold Exploration (Pty) Limited
  • Advised a consortium of international lenders (UK) in connection with finance and restructuring advice of Lonmin (mining) and Edcon (retail)
  • Advisor to the business rescue practitioners of Optimum Coal Mine
  • Advised on the insolvency of Nortel Networks (UK) (multi-national telecommunications) in respect of its South African subsidiary
  • Advised the foreign trustees of SunEdison Inc in respect of the local wind down of their South African subsidiaries
  • Advised Nedbank, a major creditor of Stuttafords (retail) in the course of its business rescue proceedings
  • Advised the directors and shareholders of South African Calcium Carbide in respect of its business rescue proceedings
  • Advisor to the business rescue practitioners of Basil Read, Group Five, and Consolidated Infrastructure Group (construction)
  • BCom, University of KwaZulu-Natal (1984)
  • LLB, University of the Witwatersrand (1986)
  • Higher Diploma in Company Law, University of the Witwatersrand (1991)
  • Higher Diploma in Tax, University of the Witwatersrand (1993)
  • Diploma in Insolvency Law, University of Johannesburg (1997)
  • LLD – Doctorate of Laws – Business Rescue, University of Pretoria (2016)
  • Appointed Chairman of The South African Restructuring and Insolvency Practitioners Association (SARIPA) in January 2019
  • Appointed Board Member of INSOL International (a worldwide group of Insolvency Practitioners (INSOL)) for a period of three years (November 2018 to November 2021)
  • Appointed Chairman of the INSOL Insolvency Practitioners Group for a period of four years (June 2017 to September 2021). The committee is made up of a working group of international lawyers, accountants and insolvency practitioners with a focus on cutting edge issues involving insolvency, rescue and liquidation issues
  • Recognised in international rating publications as a:
    • Ranked lawyer (Band 1) by Chambers Global | 2017, 2019 – 2021 | Restructuring / Insolvency
    • Ranked as a leading lawyer by Who's Who Legal | 2014, 2016 – 2020 | Restructuring & Insolvency
    • Ranked by Best Lawyers | 2019 | Insolvency and Reorganisation Law
    • Ranked as a highly commended lawyer by Legal 500 | 2012 – 2017 | Dispute Resolution (Business Rescue)
    • Ranked as a recommended lawyer by PLC Which Lawyer | 2013 | Restructuring and Insolvency
  • Has given numerous presentations on insolvency, business rescue and directors liability
  • Regular contributor to the media on the effect of business rescue on companies and creditors, insolvency and directors liability
  • Author of South African Business Rescue Procedure (published in October 2017 by Lexis Nexis)